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Title: Bitcoin price and Google search trend correlate pretty well :) Post by: element6 on August 28, 2014, 01:36:04 PM Just thought this was interesting when I was looking at google trends ;D
http://www.google.com/trends/explore#q=bitcoin (http://www.google.com/trends/explore#q=bitcoin) http://i58.tinypic.com/2n659aq.png price chart from bitcoinwisdom http://i61.tinypic.com/2gv77gl.png Title: Re: Bitcoin price and Google search trend correlate pretty well :) Post by: bitllionaire on August 28, 2014, 01:58:54 PM that is because big increases makes a good opportunity to make a quick earn
however that what people who looks for it in google(that is people who doesn't bitcoin) it is also related to the news of big increases in newspapers and tv news Title: Re: Bitcoin price and Google search trend correlate pretty well :) Post by: element6 on August 28, 2014, 02:19:03 PM it's interesting how people seem to know something is going on before the news. The price starts to drop and goes volatile early December, then the news came out on the 18th of December: "BTC china banned deposits in yuan following new restriction imposed by the central bank" (the news event at the peak of google trend)
Title: Re: Bitcoin price and Google search trend correlate pretty well :) Post by: DoraTheBTCexplorer on August 28, 2014, 03:58:19 PM We need interest beyond price.
Title: Re: Bitcoin price and Google search trend correlate pretty well :) Post by: BitCoinNutJob on August 28, 2014, 04:07:06 PM We need interest beyond price. Price helps bring in new... everything also though, we do need interest beyond price but its all very important variable maybe 2nd only to the original design of bitcoin itself. Title: Re: Bitcoin price and Google search trend correlate pretty well :) Post by: Omikifuse on August 28, 2014, 04:59:02 PM Moon launch = media speaking about Bitcoin = people searching for it. Also the herd people that enter the market at the top to lose money after the correction.
Of course use the search trend to predict rises won't work. |
